Accredited official statistics

UK House Price Index Scotland: November 2022

Published 18 January 2023

1. Headline statistics for November 2022

The average price of a property in Scotland was £191,492

The annual price change of a property in Scotland was 5.5%

The monthly price change of a property in Scotland was -1.2%

The index figure for Scotland (January 2015 = 100) was 141.9

Estimates for the most recent months are provisional and are likely to be updated as more data is incorporated into the index. Read the revision policies.

Next publication of UK HPI

The December 2022 UK HPI will be published at 9.30am on Wednesday 15 February 2023. See the calendar of release dates for more information.

2. Economic statement

Average house prices in Scotland increased by 5.5% in the year to November 2022, increasing slower than average UK house prices (10.3%) and down from 7.9% in the year to October 2022.

On a non-seasonally adjusted basis, average house prices in Scotland decreased by 1.2% between October and November 2022, compared with an increase of 1.1% during the same period last year. On a seasonally adjusted basis, average house prices in Scotland decreased by 0.8% between October and November 2022.

Comparing the provisional volume estimate for September 2021 provisional volume estimate for September 2021 with the provisional volume estimate for September 2022, the volume of transactions increased by 6.6% in Scotland and increased by 26.6% in the UK.

In Scotland, detached houses showed the largest annual percentage change out of all property types, increasing by 7.9% in the year to November 2022 to £349,000. Flats and maisonettes showed the lowest annual percentage change, which increased by 1.8% in the year to November 2022 to an average price of £129,000.

The highest annual percentage change was in Midlothian, where average house prices increased by 13.2% in the year to November 2022 to £246,000. The lowest annual percentage change was in City of Aberdeen, where average house prices decreased by 4.7% in the year to November 2022 to £140,000.

As with other indicators in the housing market, which typically fluctuate from month to month, it is important not to put too much weight on one month’s set of house price data.

3. Price change

3.1 Annual price change

Annual price change for Scotland over the past 5 years

In Scotland, average prices increased by 5.5% in the year to November 2022, down from an increase of 7.9% in the year to October 2022.

Annual price change by local authority for Scotland

Low numbers of sales transactions in some local authorities, such as Orkney Islands, Na h-Eileanan Siar and Shetland Islands, can lead to volatility in the series.

While we make efforts to account for this volatility, the change in price in these local levels can be influenced by the type and number of properties sold in any given period.

Geographies with low number of sales transactions should be analysed in the context of their longer-term trends rather than focusing on monthly movements.

Local authorities November 2022 November 2021 Difference
Aberdeenshire £207,143 £196,529 5.4%
Angus £175,423 £162,553 7.9%
Argyll and Bute £204,607 £182,697 12.0%
City of Aberdeen £140,392 £147,275 -4.7%
City of Dundee £150,123 £143,595 4.5%
City of Edinburgh £334,113 £315,537 5.9%
City of Glasgow £175,038 £163,407 7.1%
Clackmannanshire £171,363 £159,277 7.6%
Dumfries and Galloway £168,870 £150,923 11.9%
East Ayrshire £133,715 £120,514 11.0%
East Dunbartonshire £271,621 £251,246 8.1%
East Lothian £319,955 £290,570 10.1%
East Renfrewshire £294,420 £270,602 8.8%
Falkirk £168,016 £152,208 10.4%
Fife £174,344 £164,170 6.2%
Highland £207,731 £198,352 4.7%
Inverclyde £127,384 £121,401 4.9%
Midlothian £245,506 £216,842 13.2%
Moray £189,821 £177,064 7.2%
Na h-Eileanan Siar £164,328 £129,459 26.9%
North Ayrshire £130,111 £121,935 6.7%
North Lanarkshire £138,607 £127,654 8.6%
Orkney Islands £210,773 £189,460 11.2%
Perth and Kinross £245,702 £229,688 7.0%
Renfrewshire £155,145 £145,874 6.4%
Scottish Borders £201,504 £189,842 6.1%
Shetland Islands £207,699 £186,989 11.1%
South Ayrshire £172,562 £164,437 4.9%
South Lanarkshire £167,066 £155,042 7.8%
Stirling £248,369 £235,514 5.5%
West Dunbartonshire £138,431 £131,090 5.6%
West Lothian £213,252 £191,781 11.2%
Scotland £191,492 £181,578 5.5%

Average price by local authority for Scotland

In November 2022, the most expensive area to purchase a property was City of Edinburgh, where the average cost was £334,000. In contrast, the cheapest area to purchase a property was Inverclyde, where the average cost was £127,000.

3.2 Average price change by property type

Average price change by property type for Scotland

Property type November 2022 November 2021 Difference
Detached £349,342 £323,870 7.9%
Semi-detached £205,406 £191,828 7.1%
Terraced £163,639 £151,910 7.7%
Flat or maisonette £128,696 £126,445 1.8%
All £191,492 £181,578 5.5%

4. Sales volumes

The amount of time between the sale of a property and the registration of this information varies. It typically ranges between 2 weeks and 2 months but can be longer. Volume figures for the most recent 2 months are not yet at a reliable level for reporting, so they are not included in the report. Published transactions for recent months will increase as later registered transactions are incorporated into the index.

Sales volume data is also available by property status (new build and existing property) and funding status (cash and mortgage) in our downloadable data tables. Transactions involving the creation of a new register, such as new builds, are more complex and require more time to process. Read Revisions to the UK HPI data for more information.

4.1 Sales volumes by local authority

Sales volumes for Scotland by local authority

Comparing the provisional volume estimate for the current month with the revised volume estimate for the corresponding month in the previous year

Local authorities September 2022 September 2021
Aberdeenshire 440 468
Angus 192 230
Argyll and Bute 167 203
City of Aberdeen 444 397
City of Dundee 255 245
City of Edinburgh 1,110 1,024
City of Glasgow 1,160 1,076
Clackmannanshire 84 76
Dumfries and Galloway 204 251
East Ayrshire 243 230
East Dunbartonshire 199 186
East Lothian 219 184
East Renfrewshire 162 171
Falkirk 270 263
Fife 666 580
Highland 435 408
Inverclyde 111 114
Midlothian 176 155
Moray 164 165
Na h-Eileanan Siar 21 36
North Ayrshire 246 218
North Lanarkshire 543 516
Orkney Islands 21 40
Perth and Kinross 294 312
Renfrewshire 347 348
Scottish Borders 208 219
Shetland Islands 34 21
South Ayrshire 202 176
South Lanarkshire 625 592
Stirling 165 174
West Dunbartonshire 125 129
West Lothian 330 270
Scotland 9,862 9,477

Note: The ‘Difference’ column has been removed from this table as the latest month’s data are not yet complete.

Note: The number of property transactions for September 2022 will increase as more transactions are incorporated into the index. See our Revisions Policy for more information.

Comparing the provisional volume estimate for September 2021 with the provisional estimate for September 2022, volume transactions increased by 6.6% in Scotland.

UK Property Transaction Statistics published by HM Revenue & Customs (which differ in coverage but are more complete for this period) report that on a non-seasonally adjusted basis, volume transactions increased by 6.5% in Scotland in the year to September 2022.

4.2 Sales volumes

Sales volumes for Scotland over the past 5 years

Date Sales volumes for Scotland
September 2018 8,601
September 2019 8,826
September 2020 10,619
September 2021 9,477
September 2022 9,862

5. Property status

Transactions involving the creation of a new register, such as new builds, are more complex and need more time to process. This means they can take longer to appear in the land registers. The volume of new build transactions for the most recent 2 months are not at a reliable level for reporting the breakdown between new build and existing resold property, so they are not included in the report.

New build and existing resold property for Scotland

Property status Average price September 2022 Monthly change Annual change
New build £300,307 4.4% 18.4%
Existing resold property £186,205 -1.1% 6.2%

Note: Since the October 2017 release, amendments have been made to our estimation model when calculating our provisional estimate. Find out further information and the impact of this change in methods used to produce the UK HPI.

6. Buyer status

First time buyer and former owner occupier for Scotland

Type of buyer Average price November 2022 Monthly change Annual change
First time buyer £152,726 -1.2% 4.9%
Former owner occupier £232,475 -1.1% 5.9%

7. Funding status

Cash and mortgage indicator for Scotland

Funding status Average price November 2022 Monthly change Annual change
Cash £174,365 -1.2% 4.5%
Mortgage £199,569 -1.1% 5.9%

8. Access the data

Download the data as CSV files or access it with our UK HPI tool.

Data revisions

View any revisions to previously published data in the data downloads or find out more about revisions in our guidance About the UK HPI.

9. About the UK House Price Index

The UK House Price Index (UK HPI) is calculated by the Office for National Statistics and Land & Property Services Northern Ireland. Find out about the methodology used to create the UK HPI.

Data for the UK House Price Index is provided by HM Land Registry, Registers of Scotland, The Land & Property Services/Northern Ireland Statistics & Research Agency and the Valuation Office Agency.

Find out more about the UK House Price Index.

10. Contact for Scotland queries

Anne MacDonald, Land & Property Data Team, Registers of Scotland

Email Anne.MacDonald@ros.gov.uk

Telephone 0131 378 4991